The couple ended their marriage and divorced on February 14, 2006. According to reports, Perelman rushed the divorce because of financial reasons. As stated in the prenuptial agreement, Barkin would have been granted a significant increase in alimony if he had not sought a divorce soon.

Ron Perelman, the billionaire head of Revlon Corp., is seeking a divorce from his wife of five years, actress Ellen Barkin, the New York Post and gossip columnist Liz Smith reported Friday. Spokesmen for Perelman and Barkin declined comment. Perelman’s representative, Howard Rubenstein, said, “I’m being kept out of the loop on this.

Perelman reportedly blindsided her with divorce papers early in January 2006. The divorce was swiftly resolved by Valentine's Day 2006. Perelman's camp claims she got a settlement of $60 million, while some reports have it closer to $20 million.